Online book retailer Booktopia has been placed into voluntary administration, with McGrathNicol appointed to run the business.
The administrators are undertaking an urgent assessment of Booktopia’s business, and are exploring options for a potential sale or recapitalisation.
Shares in the struggling retailer were placed into a trading halt on June 13, at just 4.5 cents apiece, before being suspended from the stock market a few days later.
A first meeting of creditors will take place before Monday, July 15.
